Wednesday, December 27, 2017

Cosco - Renewed Buyers Today ?

Cosco looks like there is renewed interest in their buying up activity earlier. The stock was heavily eaten up and the speed of snapping is pretty fast. Studying the minute chart, there seemed to be some flushes and panic sell down. The daily chart shows that it has reached a demand zone. I am not sure if my 1000 lots can be bailed out but soon I will know the answer.

The buying seems real today as compared to all other days last week. Although it looks real, still there possess a risk that the BBs might create another flush before moving up the stock. I am cautious yet equally excited to see the movements soon. Watching.

Ronald K - Market Psychologist - A Stock Market Opportunist